Internet
Meta resorted to ‘buy-or-bury scheme’ with Instagram and WhatsApp deals, former FTC Chair Lina Khan says
Former U.S. Federal Trade Commission Chair Lina Khan said Monday that Facebook “panicked” when making the acquisitions of Instagram and WhatsApp as smartphone use took off. “It saw companies like Instagram and WhatsApp experiencing astronomical growth, and that’s the point at which it resorted to this buy-or-bury scheme where, if it couldn’t outcompete a rival, […]
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UnitedHealth is making struggling doctors repay loans issued after last year’s cyberattack
UnitedHealth CEO Andrew Witty testifies before the Senate Finance Committee on Capitol Hill in Washington, May 1, 2024. Kent Nishimura | Getty Images Following the massive cyberattack on UnitedHealth Group’s Change Healthcare unit last year, the company launched a temporary funding assistance program to help medical practices with their short-term cash flow needs, offering no-interest […]
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Meta vs. the FTC: The blockbuster antitrust trial kicks off
This photo illustration created on January 7, 2025, in Washington, DC, shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo. Drew Angerer | Afp | Getty Images Meta will face off against the U.S. Federal Trade Commission on Monday in a high-stakes antitrust trial that could result in […]
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Amazon CEO Andy Jassy says AI costs will come down over time even as company invests ‘aggressively’
Amazon CEO Andy Jassy on Thursday released his annual shareholder letter where he predicted that rapid advancements around AI, along with a more competitive chip market, will eventually bring down costs around the technology. Dear Shareholders: 2024 was a strong year for Amazon. Our total revenue grew 11% year-over-year (“YoY”) from $575B to $638B. By […]
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Amazon delays first Kuiper internet satellite launch due to bad weather
United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon’s Project Kuiper broadband internet constellation stands ready for launch on pad 41 at Cape Canaveral Space Force Station on October 5, 2023 in Cape Canaveral, Florida, United States. Paul Hennessey | Anadolu Agency | Getty Images Amazon delayed the launch of […]
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PC shipments increased in first quarter as companies braced for tariffs
Dell, HP and Lenovo laptops on display at the Consumer Electronics Show 2025 in Las Vegas, on Jan. 8, 2025. Artur Widak | Nurphoto | Getty Images Personal computer shipments rose in the first quarter of the year as companies sped up deliveries to gear up for incoming tariffs. Research firm Canalys estimates that shipment […]
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Google reverses policy telling workers not to discuss DOJ antitrust case
Alphabet CEO Sundar Pichai meets with Polish Prime Minister Donald Tusk in Warsaw, Poland, on February 13, 2025. Klaudia Radecka | Nurphoto | Getty Images Google has reversed a policy forbidding employees from discussing its antitrust woes following a settlement with workers. The company sent a notice to U.S. employees last week saying it rescinded […]
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Amazon Kuiper launches first satellites to take on SpaceX’s Starlink, capitalize on anti-Musk fervor
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon’s Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk’s Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., April 9, 2025. Steve Nesius | Reuters In a social media post last month, […]
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Digital health startup Transcarent takes Accolade private in $621 million deal
Glen Tullman, chairman and chief executive officer at Livongo Health Inc., speaks during the 2015 Bloomberg Technology Conference in San Francisco, California, U.S., on Tuesday, June 16, 2015. David Paul Morris | Bloomberg | Getty Images Digital health startup Transcarent on Tuesday announced it completed its acquisition of Accolade in a deal valued at roughly $621 million. Transcarent […]
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Shopify CEO says staffers need to prove jobs can’t be done by AI before asking for more headcount
Tobias Lütke, CEO of Shopify, speaks at the Collision conference in Toronto, Canada, on May 22, 2019. David Fitzgerald | Sportsfile | Getty Images Shopify CEO Tobi Lutke is changing his company’s approach to hiring in the age of artificial intelligence. Employees will be expected to prove why they “cannot get what they want done […]
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